American Funds Buy Hold or Sell Recommendation

RNGCX -- USA Fund  

USD 48.03  0.02  0.0417%

Assuming 30 trading days horizon, and your above average risk tolerance our recommendation regarding American Funds New Economy R3 is 'Strong Hold'. Macroaxis provides American Funds buy hold or sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding RNGCX positions. The advice algorithm takes into account all of American Funds New available fundamental, technical, and predictive indicators you will find on this site. The advice is provided from RNGCX buy-and-hold prospective. Additionally take a look at American Funds Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for muliple equity instruments please use Instant Ratings tool.

Time Horizon

Risk Tolerance

Symbol
Execute Advice
Sell American FundsBuy American Funds
Strong Hold

Volatility

Hype Condition

Current Valuation

Odds of Distress

Economic Sensitivity

Analyst Consensus

Not Available
For the selected time horizon American Funds New Economy R3 has a risk adjusted performance of 0.028, jensen alpha of 0.011832, total risk alpha of 0.21, sortino ratio of 0.11 and treynor ratio of 0.1057
Macroaxis buy, hold, or sell recommendation tool can be used to complement American Funds buy or sell advice provided by experts. It analyzes the fund potential to grow against your specific risk preferences and investment horizon. Use American Funds New Number of Employees, Ten Year Return as well as the relationship between Ten Year Return and Bond Positions Weight to make sure your buy or sell decision on American Funds New is adequate.

American Funds Returns Distribution Density

Mean Return0.03897Value At Risk1.26
Potential Upside1.08Standard Deviation0.77
 Return Density 
      Distribution 

American Funds Greeks

α
Alpha over DOW
=0.01
β
Beta against DOW=0.27
σ
Overall volatility
=0.73
Ir
Information ratio =0.16

American Funds Volatility Alert

American Funds New Economy R3 has relatively low volatility with skewness of -1.12 and kurtosis of 2.06. However, we advise all investors to independently investigate American Funds New Economy R3 to ensure market all accessible information is consistent with the expectations about its upside potential and future risk-adjusted return.
    
 Better Than Average     
    
 Worse Than Average Compare American Funds to competition

American Funds Fundamental Vs Peers

FundamentalsAmerican FundsPeer Average
Price to Earning22.08 times7.60 times
Price to Book2.61 times1.04 times
Price to Sales1.34 times1.03 times
One Year Return(0.48) % 2.30 %
Three Year Return21.24 % 3.97 %
Five Year Return1.01 % 1.27 %
Ten Year Return5.00 % 1.17 %
Net Asset21.28 B1.37 B
Minimum Initial Investment2508.09 M
Cash Position Weight11.83 % 14.48 %
Equity Positions Weight87.80 % 40.68 %
Bond Positions Weight0.37 % 14.72 %

American Funds Alerts

Trading Alerts and Improvement Suggestions

American Funds New generates negative expected return over the last 30 days
Latest headline from MacroaxisInsider: Sale by Jeffrey Wilke of 100 shares of Amazon
The fund maintains about 11.83% of its assets in cash
Additionally take a look at American Funds Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for muliple equity instruments please use Instant Ratings tool. Please also try Fund Screener module to find activelly-traded funds from around the world traded on over 30 global exchanges.
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